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- LINK price is currently trading above the consolidation phase after making all time high of $36.83 on Feb 20 ,2021
- Chainlink Price is currently trailing at the value of $29.33 with a gain of 17% in 24 hour time period and 18.95% gain in a week
- Link/BTC pair is currently trading at the value of 0.0006120 BTC with an intraday gain of 11.27%
The technical chart of LINK highlights “Bulls Are On Run” in today’s trading session. The current price of Chainlink coin is at the level of $29.80 while the major support is at $24 and major resistance is at $31.50.The coin volume has seen a gain of 79.54% and is currently at the level of $2,935,689,988.The market capitalization is at the value of $29,667,888,890 with a gain of 16.67%.Chainlink coin price is currently trailing slightly above the consolidated channel. If the coin crosses above the supply zone then it will reach to the higher levels upto $50
Chainlink (LINK) Technical Analysis
Chainlink current price has seen a gain of 17% in today’s trading session.The current scenario of LINK coin depicts a rally above the consolidated zone.The coin forms a bullish pattern on today’s trading session,suggesting that the buyers are getting active in the coin.
The coin is at 50 and above 200 Exponential Moving Average. The blue line of 50-EMA is currently at the level of $24.82 and making it temporary support. LINK/BTC pair is forming a bullish candle which suggests that the price may see an uptrend.
MACD(Bearish): It has given a negative cross over signal in the daily chart on FEB 20,2021. Bars of the histograms are also showing negative momentum. The overall sentiment of MACD is bearish.
RSI(Bullish): It is travelling at the value of 55.69, showcasing its presence in the oversold zone. A positive slope is formed in RSI, highlighting that the price may see an uptrend in the upcoming days.There is a lower low trend line formation in the RSI which is also a sign of positive retracement in the price
Conclusion
Chainlink coin has seen a gain of 17% in today’s trading session and made a 52 week high on Feb,20 2021. Technical Indicators gives a positive signal for the coin.LINK/BTC is performing positively and is above the support of 50-EMA. An Investor should do their due diligence before investing.
Technical Levels
Major Resistance:$31.5
Major Support:$24
Adarsh Singh is a true connoisseur of Defi and Blockchain technologies, who left his job at a “Big 4” multinational finance firm to pursue crypto and NFT trading full-time. He has a strong background in finance, with MBA from a prestigious B-school. He delves deep into these innovative fields, unraveling their intricacies. Uncovering hidden gems, be it coins, tokens or NFTs, is his expertise. NFTs drive deep interest for him, and his creative analysis of NFTs opens up engaging narratives. He strives to bring decentralized digital assets accessible to the masses.
